Financial Requirements

Tracking project expenses

All grantees need to track project expenses accurately using the same expense categories as in your original or revised proposal budget. You should discuss with your grants or sponsored programs office how to comply with institutional documentation requirements.

Invoices and documentation

Your institution will initiate invoices to SARE as you incur expenses.

They should be aware that Northeast SARE will hold 10 percent of the award until your final report has been submitted and approved.

Payment processing

The first invoice takes two to four weeks because an account needs to be set up. After that, invoices are usually processed within two to three weeks, although ten to fourteen days is possible if there are no delays in the UVM system.

If you do not receive payment in four weeks of your mailing, be sure to check with the SARE financial manager since sometimes things get lost in the mail or get stuck somewhere in processing.